Gfl Ltd · NSE:GFLLIMITED

Gfl — Gujarat Fluorochemicals — Q1 FY18 Earnings Presentation

24 slides from Gfl's earnings presentation, Aug 11, 2017

  1. Slide 1: Quarterly Investor Update Gujarat Fluorochemicals Limited Q1 FY18

    QUARTERLY INVESTOR UPDATE GUJARAT FLUOROCHEMICALS LIMITED Q1 FY18

  2. Slide 2: Disclaimer

    DISCLAIMER This presentation and the following discussion may contain “forward looking statements” by Gujarat Fluorochemicals Limited (“GFL” or “the Company”) that are not historical in nature. These forward looking statements, which may include statements relating to future state of affairs, result

  3. Slide 3: Discussion Summary

    DISCUSSION SUMMARY  KEY HIGHLIGHTS  Q1 FY18 RESULTS HIGHLIGHTS  CONSOLIDATED RESULTS  CHEMICALS BUSINESS  WIND TURBINE MANUFACTURING BUSINESS  WIND FARMING BUSINESS  FILM EXHIBITION BUSINESS  SHAREHOLDING STRUCTURE  ANNEXURE 3

  4. Slide 4: Key Highlights

    KEY HIGHLIGHTS ▪ Significant improvement in chemicals business led by higher sales in PTFE segment CHEMICALS ▪ PTFE volumes up 31% BUSINESS ▪ Chemicals business revenues up 25%, EBITDA up 32%, PAT up 91% ▪ Results impacted due to temporary downturn in the Indian Wind Power market as a WIND TURBINE r

  5. Slide 5: Q1 FY18 Results

    Q1 FY18 RESULTS 5

  6. Slide 6: Consolidated Results

    Q1 FY18 – RESULTS HIGHLIGHTS CONSOLIDATED RESULTS Q1 FY18 YoY ANALYSIS REVENUES* EBITDA ** & EBITDA MARGIN PAT & PAT MARGIN 20.6% 18.9% 5.7% 5.4% 1,120.6 1,085.2 230.8 204.9 64.1 58.7 3% 11 % 9% Q1 FY17 Q1 FY18 Q1 FY17 Q1 FY18 Q1 FY17 Q1 FY18 EBIDTA EBIDTA % PAT PAT % Note: * Revenue from Operations

  7. Slide 7: Consolidated Revenues Breakup

    Q1 FY18 – RESULTS HIGHLIGHTS CONSOLIDATED REVENUES BREAKUP CONSOLIDATED REVENUES – BUSINESS WISE BREAKUP In Rs. Cr % Share Q1 FY17 Q1 FY18 1,120.6 1,085.2 Chemicals Business 35.7% 46.3% 336.9 12.9 15 % 61.5 387.4 Wind Turbine Manufacturing Business 38.8% 9.8% 25 % 76.6 435.0 106.0 76 % Wind Farming

  8. Slide 8: Consolidated EBITDA Breakup

    Q1 FY18 – RESULTS HIGHLIGHTS CONSOLIDATED EBITDA BREAKUP CONSOLIDATED EBITDA – BUSINESS WISE BREAKUP In Rs. Cr % Share Q1 FY17 Q1 FY18 230.8 204.9 62.1 Chemicals Business 34.4% 51.0% 22 % 75.9 52.6 35 % Wind Turbine Manufacturing Business 19.8% -6.5% 34.4 45.7 129 % Wind Farming Business 22.8% 16.8%

  9. Slide 9: Consolidated PAT Breakup

    Q1 FY18 – RESULTS HIGHLIGHTS CONSOLIDATED PAT BREAKUP CONSOLIDATED PAT – BUSINESS WISE BREAKUP In Rs. Cr 58.7 29 % 3.7 % Share Q1 FY17 Q1 FY18 64.1 32.1 143 % Chemicals Business 51.8% 107.9% 25.0 3.2 431 % 11.8 63.3 Wind Turbine Manufacturing Business 18.4% -66.5% 33.2 91 % Wind Farming Business 5.0

  10. Slide 10: Chemicals Business - Standalone Results

    Q1 FY18 – RESULTS HIGHLIGHTS CHEMICALS BUSINESS - STANDALONE RESULTS Q1 FY18 YoY ANALYSIS REVENUES* EBITDA ** & EBITDA MARGIN PAT & PAT MARGIN 502.3 12.6% 19.9% 20.8% 8.3% 400.3 63.3 104.5 79.5 33.2 25 % 32 % 91 % Q1 FY17 Q1 FY18 Q1 FY17 Q1 FY18 Q1 FY17 Q1 FY18 EBIDTA EBIDTA % PAT PAT % Note: * Reve

  11. Slide 11: Chemicals Business - Revenues Breakup

    Q1 FY18 – RESULTS HIGHLIGHTS CHEMICALS BUSINESS - STANDALONE RESULTS In Rs. Cr Q1 FY18 YoY ANALYSIS - REVENUES BREAKUP % Share Q1 FY17 Q1 FY18 502.3 22 % 29.9 29.4 Caustic Soda 23.1% 19.7% 400.3 640 % 24.5 4.0 192.9 Chloromethanes 15.5% 11.4% 135.1 43 % Refrigerant Gases 20.6% 18.7% 14 % 82.3 93.8 8

  12. Slide 12: Wind Turbine Manufacturing Business (Inox Wind Limited)

    Q1 FY18 – RESULTS HIGHLIGHTS WIND TURBINE MANUFACTURING BUSINESS (INOX WIND LIMITED) Q1 FY18 YoY ANALYSIS REVENUES* EBITDA AND EBITDA MARGIN PAT AND PAT MARGIN 435.0 2.7% 10.5% 45.7 -36.7% -12.6% 11.8 431 % 76 % 106.0 129 % (39.0) (13.3) Q1 FY17 Q1 FY18 Q1 FY17 Q1 FY18 Q1 FY17 Q1 FY18 EBIDTA EBIDTA

  13. Slide 13: Wind Farming Business (Inox Renewables Limited)

    Q1 FY18 – RESULTS HIGHLIGHTS WIND FARMING BUSINESS (INOX RENEWABLES LIMITED) Q1 FY18 YoY ANALYSIS REVENUES* EBITDA** & EBITDA MARGIN PAT & PAT MARGIN 76.6 85.6% 5.2% -1.8% 61.5 44.9% 52.6 34.4 3.2 25 % 35 % 143 % Q1 FY17 Q1 FY18 Q1 FY17 Q1 FY18 -1.4 Q1 FY17 Q1 FY18 EBIDTA EBIDTA % PAT PAT % Note: *

  14. Slide 14: Film Exhibition Business (Inox Leisure Limited)

    Q1 FY18 – RESULTS HIGHLIGHTS FILM EXHIBITION BUSINESS (INOX LEISURE LIMITED) Q1 FY18 YoY ANALYSIS REVENUES * EBITDA ** and EBITDA MARGIN PAT and PAT MARGIN 8.3% 19.6% 7.4% 387.4 18.4% 336.9 75.9 32.1 62.1 25.0 15 % 22 % 29 % Q1 FY17 Q1 FY18 Q1 FY17 Q1 FY18 Q1 FY17 Q1 FY18 EBIDTA EBIDTA % PAT PAT % N

  15. Slide 15: Shareholding Structure

    SHAREHOLDING STRUCTURE Share Price Performance Market Data As on 10.08.17 (BSE) Market capitalization (Rs Cr) 8,300.3 800 Price (Rs.) 755.6 600 No. of shares outstanding (Cr) 10.99 Face Value (Rs.) 1.0 400 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 52 week High-Low (Rs.) 866.6 – 451.0 % Shareh

  16. Slide 16: Annexure

    ANNEXURE 16

  17. Slide 17: Detailed Financials: Standalone P&L Statement

    DETAILED FINANCIALS STANDALONE P&L STATEMENT Particulars (In Rs Cr) Q1 FY18 Q1 FY17 YoY % Q4 FY17 QoQ % FY17 Revenue from Operations 502.3 400.3 25.5% 421.4 19.2% 1,532.1 Cost of Material Consumed 115.1 93.9 22.6% 100.3 14.8% 374.4 Purchases of stock-in-trade 0.0 2.6 - 2.2 - 10.5 Changes in inventor

  18. Slide 18: Detailed Financials: Standalone Balance Sheet

    DETAILED FINANCIALS STANDALONE BALANCE SHEET Particulars (Rs Cr) Mar-17 Mar-16 Particulars (Rs Cr) Mar-17 Mar-16 Equity: Non-current Assets: Equity Share Capital 11.0 11.0 Property, Plant & Equipment 1,858.0 1,926.5 Capital Work-in-progress 139.2 42.0 Other Equity 3,025.4 2,875.5 Investment Property

  19. Slide 19: Detailed Financials: Consolidated P&L Statement

    DETAILED FINANCIALS CONSOLIDATED P&L STATEMENT Particulars (Rs Cr) Q1 FY18 Q1 FY17 YoY % Q4 FY17 QoQ % FY17 Revenue from Operations 1,085.2 1,120.6 -3.2% 1,890.2 -42.6% 6,393.0 Cost of Material Consumed 160.7 324.8 -50.5% 565.0 -71.6% 2,368.2 Purchases of stock-in-trade 0.0 2.6 - 2.2 - 10.5 Excise D

  20. Slide 20: Detailed Financials: Consolidated Balance Sheet

    DETAILED FINANCIALS CONSOLIDATED BALANCE SHEET Particulars (Rs Cr) Mar-17 Mar-16 Particulars (Rs Cr) Mar-17 Mar-16 Equity: Non-current Assets: Equity Share Capital 11.0 11.0 Property, Plant & Equipment 3,384.5 4,476.2 Other Equity 4,507.2 4,442.6 Capital Work-in-progress 410.2 238.4 Interest in Inox

  21. Slide 21: Financial Summary - Last 5 Years: Standalone Chemicals

    FINANCIAL SUMMARY – LAST 5 YEARS STANDALONE FINANCIALS – CHEMICALS BUSINESS Figures are as per IGAAP for FY13 to FY15 and as per IND-AS for FY16 and FY17 REVENUES * EBITDA & EBITDA MARGIN PAT & PAT MARGIN 17.4% 17.0% 21.4% 19.5% 19.6% 6.8% 1,532 5.2% 6.5% 6.0% 6.6% 1,321 1,435 1,154 1,141 282 281 30

  22. Slide 22: Financial Summary - Last 5 Years: Consolidated

    FINANCIAL SUMMARY – LAST 5 YEARS CONSOLIDATED FINANCIALS Figures are as per IGAAP for FY13 to FY15 and as per IND-AS for FY16 and FY17 In Rs. Cr REVENUES EBITDA & EBITDA MARGIN PAT & PAT MARGIN 32.1% 17.2% 7,111 17.3% 19.4% 18.3% 18.8% 6,393 8.6% 5,341 5.4% 5.9% 3.4% 1,301 1,205 3,166 3,452 1,017 1,

  23. Slide 23: Group Overview: Strong Pedigree

    GROUP OVERVIEW STRONG PEDIGREE USD $3 Billion Inox Group 90 Year track record of 10,000+ employees at 150+ Distribution network spread diversified across 7 different consistent business growth business units across India over 50+ countries businesses Listed Companies Other Key Companies Gujarat Fluo

  24. Slide 24: For Further Queries

    FOR FURTHER QUERIES: Deepak Asher Nilesh Dalvi Director and Group Head (Corporate Finance) Dickenson Seagull IR Email : deepakasher@gfl.co.in Contact No : +91 9819289131 Email : nilesh.dalvi@dickensonir.com 24

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